In 2016,Rydin Company Purchased One Asset Costing $38,400 and Elected

Multiple Choice

In 2016,Rydin Company purchased one asset costing $38,400 and elected to expense the entire cost.However,Rydin could only deduct $21,000 of the Section 179 expense because of the taxable income limitation.In 2017,Rydin purchased tangible personalty costing $80,000.Rydin's taxable income without regard to any Section 179 deduction was $912,400.Compute Rydin's 2017 Section 179 deduction.

A) $17,400
B) $510,000
C) $517,400
D) $0